Ferrari have confirmed their intention to pull out of Formula One from next season as the battle over the FIAs proposed new rules escalates.
In a short statement on the teams website, the sports most famous team said they will not be on the grid in 2010.
We confirm our opposition to the new technical regulations adopted by the FIA and do not intend entering our cars in the 2010 F1 Championship, the statement read, Ferrari are among several teams to have been angered by the FIAs plans to impose a 40million budget cap on teams from next year, and todays move will hugely increase the pressure on FIA president Max Mosley to find a compromise.
Crunch talks were already planned in the next few days with the May 29 deadline for 2010 entries fast approaching.
Prior to the Spanish Grand Prix, Toyota boss John Howett said his team were unlikely to commit by that deadline if the FIA pressed ahead with their plans, but it is Ferrari who have made the move first.
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